Altair Engineering Inc. (NASDAQ:ALTR – Get Free Report) major shareholder George J. Christ sold 2,176 shares of the company’s stock in a transaction that occurred on Monday, October 14th. The shares were sold at an average price of $95.31, for a total transaction of $207,394.56. Following the completion of the transaction, the insider now owns 300,000 shares in the company, valued at approximately $28,593,000. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Altair Engineering Price Performance
NASDAQ ALTR opened at $95.79 on Friday. Altair Engineering Inc. has a fifty-two week low of $57.59 and a fifty-two week high of $101.39. The stock’s 50-day moving average is $91.25 and its two-hundred day moving average is $90.03. The firm has a market cap of $7.95 billion, a P/E ratio of 1,064.33, a price-to-earnings-growth ratio of 12.15 and a beta of 1.45. The company has a debt-to-equity ratio of 0.29, a current ratio of 3.14 and a quick ratio of 3.14.
Altair Engineering (NASDAQ:ALTR – Get Free Report) last issued its quarterly earnings data on Thursday, August 1st. The software reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.15 by $0.01. The business had revenue of $148.80 million for the quarter, compared to the consensus estimate of $146.88 million. Altair Engineering had a return on equity of 6.89% and a net margin of 4.26%. The firm’s revenue was up 5.4% compared to the same quarter last year. During the same period last year, the business earned ($0.15) EPS. On average, analysts anticipate that Altair Engineering Inc. will post 0.65 earnings per share for the current fiscal year.
Institutional Trading of Altair Engineering
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on the stock. JPMorgan Chase & Co. downgraded shares of Altair Engineering from an “overweight” rating to a “neutral” rating and set a $95.00 price target on the stock. in a research note on Monday, July 15th. The Goldman Sachs Group lowered Altair Engineering from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $85.00 to $71.00 in a research report on Friday, August 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $100.00 price target on shares of Altair Engineering in a report on Friday, August 2nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $90.67.
Check Out Our Latest Stock Report on Altair Engineering
Altair Engineering Company Profile
Altair Engineering Inc, together with its subsidiaries, provides software and cloud solutions in the areas of simulation and design, high-performance computing, data analytics, and artificial intelligence in the United States and internationally. It operates in two segments, Software and Client Engineering Services.
See Also
- Five stocks we like better than Altair Engineering
- Bank Stocks – Best Bank Stocks to Invest In
- Taiwan Semiconductor Soars on Earnings With More Room to Run
- The Top 3 Healthcare Dividend Stocks to Buy and Hold
- Is Lucid Group Nearing the Bottom? What Investors Should Know
- What Are Growth Stocks and Investing in Them
- 90% Gain Possible? Analysts Are Bullish on Joby Aviation
Receive News & Ratings for Altair Engineering Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Altair Engineering and related companies with MarketBeat.com's FREE daily email newsletter.